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ToolJet raises $1.5 Mn in seed round led by Nexus

ToolJet, an open-source low-code software for building internal tools, has raised $1.5 million in a seed round led by Nexus Venture Partners. Ratio Ventures, Better Capital, Alan Rutledge and others have also joined the round.

According to the Bengaluru-based startup, it will use the funding for team expansion to ramp up the development of the core platform. 

Founded in April 2021 by Navaneeth PK, ToolJet cloud offers a fully managed SaaS service starting at free for a “basic” plan. The enterprise edition of ToolJet ships with additional features, installation support, monthly software updates and priority technical support.

The startup allows the users to build custom plugins and connectors using JavaScript. It currently has integrations with over 15 data sources such as MongoDB, PostgreSQL, Google Sheets and AWS S3 among others.

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